江苏沙钢股份有限公司关于使用闲置自有资金购买理财产品的进展公告

Core Viewpoint - Jiangsu Shagang Co., Ltd. has approved the use of idle self-owned funds for investment and wealth management, with a limit of up to 8 billion RMB, to enhance fund utilization efficiency and increase company revenue [1] Investment and Wealth Management - The company and its subsidiaries have purchased wealth management products totaling 1,975.813 million RMB and redeemed previously purchased products amounting to 2,166 million RMB [1] - The total income from the redeemed wealth management products is 56.6777 million RMB, which has been received on time [1] Risk Control Measures - The company has implemented strict risk control measures, including: 1. The finance department analyzes and tracks the investment products and reports any anomalies to the internal audit department and management [2] 2. The internal audit department supervises the use and custody of funds for wealth management products [2] 3. Independent directors and the supervisory board oversee fund usage and may hire professional institutions for audits [2] 4. Regular disclosures of wealth management product purchases and corresponding gains/losses in periodic reports [2] 5. Timely disclosure of information and risk control measures if the financial status of the product issuer deteriorates [2] Impact on Daily Operations - The use of idle self-owned funds for purchasing wealth management products is conducted without affecting the company's daily operations and financial safety [3] - The management has conducted sufficient assessments of existing operations and made appropriate financial arrangements to ensure ongoing production activities [3] Historical Investment Activity - As of the announcement date, the company has cumulatively used idle self-owned funds to purchase wealth management products totaling 6,304.64 million RMB that have not yet matured [5]